Assuming that a BLOCK 'll be worth $ 100, each node will cost $ 500,000
. To allow to BLOCK to exceed $ 50 it is necessary to reduce the number of BLOCK in each node at least to 1000 BLOCK 
Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 107. (Read 1103308 times)
May 24, 2017, 05:40:42 AM
The BLOCK deserves more than $ 75, but it can't reach it.
Assuming that a BLOCK 'll be worth $ 100, each node will cost $ 500,000 . To allow to BLOCK to exceed $ 50 it is necessary to reduce the number of BLOCK in each node at least to 1000 BLOCK
Assuming that a BLOCK 'll be worth $ 100, each node will cost $ 500,000
. To allow to BLOCK to exceed $ 50 it is necessary to reduce the number of BLOCK in each node at least to 1000 BLOCK 
May 24, 2017, 04:07:59 AM
May 24, 2017, 02:57:57 AM
May 24, 2017, 02:54:42 AM
Block at $4.00
I don't know if anyone has noticed but there's no buy walls with very little Bitcoin someone could literally buy up all the remaining Block, if the two small walls around 0.00199 weren't there.
I don't have time to add up how much Bitcoin it would take to buy up remaining block with out those to little walls, But I'm thinking of just asking $100.00 per Block any ways or may be $50 to $75 not sure yet.
Just in case, to reset the prices on the 10th page to $25 or $100.00 If the remaining Block were bought.
See what happens man if you do it. $100. Wow thats high.
Time to hold
Even if the price just stays the same at .00143 It's highly likely Bitcoin will be around $2,490 tommorow.
That means block will be at $3.56 with no one else buying in.
It's also likely that the following day Bitcoin will be at $2,724.0 another $234.0 rise of puts block at $3.89. and the next rise of 234.0 + 2724 = 2958.0 which means block is at $4.29 cents at this price.
Bitcoin will most likely be less than a week will be around the $3,000.0 dollar range if Block stays at .00143 that means we're at $4.29.
I wouldn't sell any of my block under .00143, and if only .20 Bitcoin comes in it puts us at .00149.
at .00149 x $2958 Bitcoin in a fewdays puts us at $ 4.40. I'm Holding.
It may even happen sooner within a few minutes of mentioning this Bitcoin hit 2,293.0.
Blocknet could hit as high as any where from $4.40 to $5.60
It makes no sense to sell at the moment...
Even if the price just stays the same at .00143 It's highly likely Bitcoin will be around $2,490 tommorow.
That means block will be at $3.56 with no one else buying in.
It's also likely that the following day Bitcoin will be at $2,724.0 another $234.0 rise of puts block at $3.89. and the next rise of 234.0 + 2724 = 2958.0 which means block is at $4.29 cents at this price.
Bitcoin will most likely be less than a week will be around the $3,000.0 dollar range if Block stays at .00143 that means we're at $4.29.
I wouldn't sell any of my block under .00143, and if only .20 Bitcoin comes in it puts us at .00149.
at .00149 x $2958 Bitcoin in a fewdays puts us at $ 4.40. I'm Holding.
It may even happen sooner within a few minutes of mentioning this Bitcoin hit 2,293.0.
Blocknet could hit as high as any where from $4.40 to $5.60
It makes no sense to sell at the moment...
I don't know if anyone has noticed but there's no buy walls with very little Bitcoin someone could literally buy up all the remaining Block, if the two small walls around 0.00199 weren't there.
I don't have time to add up how much Bitcoin it would take to buy up remaining block with out those to little walls, But I'm thinking of just asking $100.00 per Block any ways or may be $50 to $75 not sure yet.
Just in case, to reset the prices on the 10th page to $25 or $100.00
If the remaining Block were bought.See what happens man if you do it. $100. Wow thats high.
May 23, 2017, 04:13:03 PM
Time to hold
Even if the price just stays the same at .00143 It's highly likely Bitcoin will be around $2,490 tommorow.
That means block will be at $3.56 with no one else buying in.
It's also likely that the following day Bitcoin will be at $2,724.0 another $234.0 rise of puts block at $3.89. and the next rise of 234.0 + 2724 = 2958.0 which means block is at $4.29 cents at this price.
Bitcoin will most likely be less than a week will be around the $3,000.0 dollar range if Block stays at .00143 that means we're at $4.29.
I wouldn't sell any of my block under .00143, and if only .20 Bitcoin comes in it puts us at .00149.
at .00149 x $2958 Bitcoin in a fewdays puts us at $ 4.40. I'm Holding.
It may even happen sooner within a few minutes of mentioning this Bitcoin hit 2,293.0.
Blocknet could hit as high as any where from $4.40 to $5.60
It makes no sense to sell at the moment...
Even if the price just stays the same at .00143 It's highly likely Bitcoin will be around $2,490 tommorow.
That means block will be at $3.56 with no one else buying in.
It's also likely that the following day Bitcoin will be at $2,724.0 another $234.0 rise of puts block at $3.89. and the next rise of 234.0 + 2724 = 2958.0 which means block is at $4.29 cents at this price.
Bitcoin will most likely be less than a week will be around the $3,000.0 dollar range if Block stays at .00143 that means we're at $4.29.
I wouldn't sell any of my block under .00143, and if only .20 Bitcoin comes in it puts us at .00149.
at .00149 x $2958 Bitcoin in a fewdays puts us at $ 4.40. I'm Holding.
It may even happen sooner within a few minutes of mentioning this Bitcoin hit 2,293.0.
Blocknet could hit as high as any where from $4.40 to $5.60
It makes no sense to sell at the moment...
I don't know if anyone has noticed but there's no buy walls with very little Bitcoin someone could literally buy up all the remaining Block, if the two small walls around 0.00199 weren't there.
I don't have time to add up how much Bitcoin it would take to buy up remaining block with out those to little walls, But I'm thinking of just asking $100.00 per Block any ways or may be $50 to $75 not sure yet.
Just in case, to reset the prices on the 10th page to $25 or $100.00
If the remaining Block were bought.I'm Also holding all my Block I won't sell anything below .00174700 because I know any day now Bitcoin will be at $2,700.0o x .00174700 means $4.71 block.
May 23, 2017, 08:15:22 AM
God, people have no idea how long the number of coins required for a node has been discussed. 
I have no problem with them lowering the requirement to 100 coins when each Block goes for a hundred bucks but for now I'm glad it's been settled at 5000.
I have no problem with them lowering the requirement to 100 coins when each Block goes for a hundred bucks but for now I'm glad it's been settled at 5000.
It doesn't affect me, but I was thinking the more nodes the better. I really don't know though. It was just a thought. May be they should push up the requirement up then to 7000 block. I was just thinking of other people.
Yeah, I think it's fine for now. It's still a bit pricey at $16k but reasonable for a service node. There were a few chances to get a node for a few thousand or less. After all we want to ensure high quality nodes and it acts as a sign of strong belief in the network (you are softlocking coins by reducing the actively traded supply, and it costs a decent amount). Dash acted a similar way with its masternodes. A blocknet service node is still cheaper than a dash node :p
Some quick calculations: 5000 blocks gets you around 150 a year (3% stake rate) or $1.50 daily at current prices. Running a service node should be much more profitable since it requires technical expertise to setup and a high price to acquire the blocks required to run the node. If we assume a reasonable 100 nodes after a few months after launch, then we'd expect at least $150 total average daily trade fees. At a very competitive trade fee of let's say 0.05% (on top of network transaction fee) this means we need $300k average daily volume.
I think it's quite feasible since DXs like etherdelta, waves, bitshares have around $400k daily volume, and those are only token/IOU exchanges. We could get there in some months, plus we will probably have more volume from BTC-based coins (LTC, Monero, Doge, etc.)
Of course it depends on how good the UX is once launched and how easy it is to really setup - running lots of full blockchains just to trade could be annoying, but people will do it if it gives them financial security
. Plus it should only get better as we get SPV (light) wallet support. May 23, 2017, 06:16:40 AM
There is a UI fund, and dev fund and a small marketing fund already. All of these funds have increased in value with the price rise and there is now much collaboration going on behind the scenes with new people. Its all good.
May 23, 2017, 04:43:50 AM
cheers mate
there are good days ahead of us. If we have the funding from blockreward and have the multiwallet layout and can swap coins without havinf to download the hole blockchain I can see this coin go to the 100m mark for sure. Still long way to go but where on the right track only thing is time hope that the 10-15% funding from block will give them more space to hire some other talented devs that can help them out.
there are good days ahead of us. If we have the funding from blockreward and have the multiwallet layout and can swap coins without havinf to download the hole blockchain I can see this coin go to the 100m mark for sure. Still long way to go but where on the right track only thing is time hope that the 10-15% funding from block will give them more space to hire some other talented devs that can help them out.
May 23, 2017, 03:39:56 AM
They know, The burn address has been discussed before many times. This person is just a troll that try's to panic newbies. According to prior post by this person, It seems as if this person may have lost out on the opportunity in becoming a node. This issue needs to be address. I'm reporting them to the moderator. We all should have there post removed and then both of us should delete this post as to not scare anyone off. I'm going to report every single post this person has posted on this board. You should delete your reference to their post as to not further propagate this misleading information. I will later do the same with this post.
Yes. Bamsterdam posts here only to stir up problems in the community and to try and scare people off. Time we reported him.
wauw serious check my post history I dont try to fud if you checked you would have known. Wasnt informed on the matter and came across it by accident so startled me a bit thats why I posted with a ? All clear now thanks, keep your wrong conclusion based on one post for yourself please
Hey, let's give this guy a break and not get too trigger-happy with the troll hunting. It was a legitimate question for someone not familiar with Blocknet history.
Thank you for the support I dont get why they think I troll if they checked my post history
just saw it on the rich list by accident when I was looking for another coin. I saw block and realized I never checked it for block before and when I saw it I thought huh wtf how is this possible?? so I posted it in a here hurry bit worried, instead of reading first what I normally do. The suggestion also that I cant run a node and thats why i posted this to fud .. please that is just ridiculous.. its just the opposite.., its some real hard accusation based on one post? Really sad to get such a overdone response even if it was a stupid question that is known for ages for people that where there from the start. I admit I posted before trying to find the info myself but thats all to it. I really like blocks approach and think it will have a good change to be on top of all the dex approaches out there just like I said some posts back.cheers
You are most welcome here.
May 23, 2017, 12:47:52 AM
God, people have no idea how long the number of coins required for a node has been discussed.
I have no problem with them lowering the requirement to 100 coins when each Block goes for a hundred bucks but for now I'm glad it's been settled at 5000.
I have no problem with them lowering the requirement to 100 coins when each Block goes for a hundred bucks but for now I'm glad it's been settled at 5000.
It doesn't affect me, but I was thinking the more nodes the better. I really don't know though. It was just a thought. May be they should push up the requirement up then to 7000 block. I was just thinking of other people.
May 23, 2017, 12:08:05 AM
God, people have no idea how long the number of coins required for a node has been discussed.
I have no problem with them lowering the requirement to 100 coins when each Block goes for a hundred bucks but for now I'm glad it's been settled at 5000.
I have no problem with them lowering the requirement to 100 coins when each Block goes for a hundred bucks but for now I'm glad it's been settled at 5000.
May 22, 2017, 07:26:36 PM
Time to hold
Even if the price just stays the same at .00143 It's highly likely Bitcoin will be around $2,490 tommorow.
That means block will be at $3.56 with no one else buying in.
It's also likely that the following day Bitcoin will be at $2,724.0 another $234.0 rise of puts block at $3.89. and the next rise of 234.0 + 2724 = 2958.0 which means block is at $4.29 cents at this price.
Bitcoin will most likely be less than a week will be around the $3,000.0 dollar range if Block stays at .00143 that means we're at $4.29.
I wouldn't sell any of my block under .00143, and if only .20 Bitcoin comes in it puts us at .00149.
at .00149 x $2958 Bitcoin in a fewdays puts us at $ 4.40. I'm Holding.
It may even happen sooner within a few minutes of mentioning this Bitcoin hit 2,293.0.
Blocknet could hit as high as any where from $4.40 to $5.60
It makes no sense to sell at the moment...
Look how many useless coins are over 100 million market cap. Block will have real usecases and very huge usecases. It deserves to be at 1 billion marketcap within 12 months!
The problem is people will not believe it until they see it.
It's like anything you notice the pump as soon as it is fully operational. Which is strange because by then you missed the best buying opportunity.
The hold back here is that it has been in development for years. Investors are speculating there will be many months and opportunities to buy before actual release so are gaining from other pumps first.
However really since coblee and sys dev and DZ have actually seen it working there is even more reason to believe it is an amazing opportunity only not gaining first mover on it is the concern. Once it is out I think you will see a huge green candle if it is released in reasonable time frame.
I know its hard not to but don't worry too much about the timeframe.
Regarding a roadmap, here is our plan:
- publish an initial list of planned features
- allow people to vote on features (probably by directly funding each feature), in order for us to gauge the market's priorities
- put the features in the order of priority resulting from the votes (this can be readjusted as later votes come in - no need for a cutoff)
- add features as they come up
Sound good?
I plan to publish this in the next few days at the latest.
Sounds great! Cheers.
The next build will have a voting system. 5000 is not fixed forever. The higher the value of block, the lower the amount to run a node in theory. It can be adjusted as we go along to keep a balance. This means that if a node price drops by a thousand for example, suddenly everyone running a node has an extra 1000 blocks to sell if they want and the overall price of a node drops.
That's great, thanks for the information!
I agree, I think we should ask Devs to lower the amount of Block required to run a service node to 100 blocks. It would create a huge influx of people who would be interested in Block.
Even if the price just stays the same at .00143 It's highly likely Bitcoin will be around $2,490 tommorow.
That means block will be at $3.56 with no one else buying in.
It's also likely that the following day Bitcoin will be at $2,724.0 another $234.0 rise of puts block at $3.89. and the next rise of 234.0 + 2724 = 2958.0 which means block is at $4.29 cents at this price.
Bitcoin will most likely be less than a week will be around the $3,000.0 dollar range if Block stays at .00143 that means we're at $4.29.
I wouldn't sell any of my block under .00143, and if only .20 Bitcoin comes in it puts us at .00149.
at .00149 x $2958 Bitcoin in a fewdays puts us at $ 4.40. I'm Holding.
It may even happen sooner within a few minutes of mentioning this Bitcoin hit 2,293.0.
Blocknet could hit as high as any where from $4.40 to $5.60
It makes no sense to sell at the moment...
Holding BLOCK until 100 million market cap as anything under is cheap
Look how many useless coins are over 100 million market cap. Block will have real usecases and very huge usecases. It deserves to be at 1 billion marketcap within 12 months!
Excuse me, but why in the living hell aren't people loading into Blocknet!?!? Its beyond me! Let me explain for those who don't know -
Blocknet are relentlessly building a decentralized exchange. The ONLY truly decentralized exchange, where you will maintain FULL control over your funds at ALL times. No third parties ever involved, no trust required. This is NOT true for ANY other DEX project out there.
No govt agency will be able to shut it down and seize funds, and no shady exchange can run off with your money. You won't even have to hand over any personal information to use it. Fees will likely be much much lower than poloniex and the like, and trades will happen instantly.
I mean the whole thing will be an absolute game changer! Project of the year!
The developers are super super smart, they know exactly what they're doing, and are fully committed. There are a bunch of other exciting spin offs from the tech they're developing - which is going to allow different blockchains be able inter-operate and interact together. For now, they move toward the Blocknet DEX - with already working, proven, executed trades in the bag...
What's more, you can buy an exchange node for 5000 block - that's only about 5btc at these insane prices on Bittrex. Exchange nodes administer trade fees, and for running the node you will receive a small commission of every trade that goes through you (just let that sink for a minute...)
Yes it's real, it has a tangible inherent value (unlike the other rubbish getting pumped out there). The demand will be massive - every crypto-trader with half a brain cell will be using it (wouldn't you be!?). Yet there it sits, waiting, looking for some love...
Yup, you're welcome, please thank me later
Blocknet are relentlessly building a decentralized exchange. The ONLY truly decentralized exchange, where you will maintain FULL control over your funds at ALL times. No third parties ever involved, no trust required. This is NOT true for ANY other DEX project out there.
No govt agency will be able to shut it down and seize funds, and no shady exchange can run off with your money. You won't even have to hand over any personal information to use it. Fees will likely be much much lower than poloniex and the like, and trades will happen instantly.
I mean the whole thing will be an absolute game changer! Project of the year!
The developers are super super smart, they know exactly what they're doing, and are fully committed. There are a bunch of other exciting spin offs from the tech they're developing - which is going to allow different blockchains be able inter-operate and interact together. For now, they move toward the Blocknet DEX - with already working, proven, executed trades in the bag...
What's more, you can buy an exchange node for 5000 block - that's only about 5btc at these insane prices on Bittrex. Exchange nodes administer trade fees, and for running the node you will receive a small commission of every trade that goes through you (just let that sink for a minute...)
Yes it's real, it has a tangible inherent value (unlike the other rubbish getting pumped out there). The demand will be massive - every crypto-trader with half a brain cell will be using it (wouldn't you be!?). Yet there it sits, waiting, looking for some love...
Yup, you're welcome, please thank me later
The problem is people will not believe it until they see it.
It's like anything you notice the pump as soon as it is fully operational. Which is strange because by then you missed the best buying opportunity.
The hold back here is that it has been in development for years. Investors are speculating there will be many months and opportunities to buy before actual release so are gaining from other pumps first.
However really since coblee and sys dev and DZ have actually seen it working there is even more reason to believe it is an amazing opportunity only not gaining first mover on it is the concern. Once it is out I think you will see a huge green candle if it is released in reasonable time frame.
I know its hard not to but don't worry too much about the timeframe.
Regarding a roadmap, here is our plan:
- publish an initial list of planned features
- allow people to vote on features (probably by directly funding each feature), in order for us to gauge the market's priorities
- put the features in the order of priority resulting from the votes (this can be readjusted as later votes come in - no need for a cutoff)
- add features as they come up
Sound good?
I plan to publish this in the next few days at the latest.
Sounds great!
Cheers.Nice we have hit the $3 price!
Also, will we have for sure a fixed requirement of 5000 Blocknet coins to run a service node? At this prices it's at $15000 per service node..won't that lead to less service nodes and danger that if only few nodes would be running and then they all decide to leave and sell their coins, no trading would be possible anymore? Would be great if someone cleared that for me.
Also, will we have for sure a fixed requirement of 5000 Blocknet coins to run a service node? At this prices it's at $15000 per service node..won't that lead to less service nodes and danger that if only few nodes would be running and then they all decide to leave and sell their coins, no trading would be possible anymore? Would be great if someone cleared that for me.
The next build will have a voting system. 5000 is not fixed forever. The higher the value of block, the lower the amount to run a node in theory. It can be adjusted as we go along to keep a balance. This means that if a node price drops by a thousand for example, suddenly everyone running a node has an extra 1000 blocks to sell if they want and the overall price of a node drops.
That's great, thanks for the information!
I agree, I think we should ask Devs to lower the amount of Block required to run a service node to 100 blocks. It would create a huge influx of people who would be interested in Block.
May 22, 2017, 07:03:08 PM
They know, The burn address has been discussed before many times. This person is just a troll that try's to panic newbies. According to prior post by this person, It seems as if this person may have lost out on the opportunity in becoming a node. This issue needs to be address. I'm reporting them to the moderator. We all should have there post removed and then both of us should delete this post as to not scare anyone off. I'm going to report every single post this person has posted on this board. You should delete your reference to their post as to not further propagate this misleading information. I will later do the same with this post.
Yes. Bamsterdam posts here only to stir up problems in the community and to try and scare people off. Time we reported him.
wauw serious check my post history I dont try to fud if you checked you would have known. Wasnt informed on the matter and came across it by accident so startled me a bit thats why I posted with a ? All clear now thanks, keep your wrong conclusion based on one post for yourself please
Hey, let's give this guy a break and not get too trigger-happy with the troll hunting. It was a legitimate question for someone not familiar with Blocknet history.
Thank you for the support I dont get why they think I troll if they checked my post history
just saw it on the rich list by accident when I was looking for another coin. I saw block and realized I never checked it for block before and when I saw it I thought huh wtf how is this possible?? so I posted it in a here hurry bit worried, instead of reading first what I normally do. The suggestion also that I cant run a node and thats why i posted this to fud .. please that is just ridiculous.. its just the opposite.., its some real hard accusation based on one post? Really sad to get such a overdone response even if it was a stupid question that is known for ages for people that where there from the start. I admit I posted before trying to find the info myself but thats all to it. I really like blocks approach and think it will have a good change to be on top of all the dex approaches out there just like I said some posts back.cheers
May 22, 2017, 12:11:03 PM
Good thing I kept some Bitcoin on the side. I guess I'll get my chance to get my missing Block after all.
We did have the oppurtunity of going to 4.09 last night ! With bitcoins rise, and even today as a few minutes ago. If 0.24 Bitcoin comes in were back at .00150 that's inspiring. We're at that pivot point to move into the 4 dollar range. If all that Bitcoin sitting on the side line comes back in We are over 4 dollars probably 5. Only .1435 Bitcoin comes in were at . 00149 at .00150 we surpass 0.00150 we put in a new floor and we're headed to 0.00190 * 2980 = $ 5.66 block.
We did have the oppurtunity of going to 4.09 last night ! With bitcoins rise, and even today as a few minutes ago. If 0.24 Bitcoin comes in were back at .00150 that's inspiring. We're at that pivot point to move into the 4 dollar range. If all that Bitcoin sitting on the side line comes back in We are over 4 dollars probably 5. Only .1435 Bitcoin comes in were at . 00149 at .00150 we surpass 0.00150 we put in a new floor and we're headed to 0.00190 * 2980 = $ 5.66 block.
May 22, 2017, 07:22:43 AM
What an inspiring list!
May 22, 2017, 06:35:58 AM
Eleven use-cases for the Blocknet
May 22, 2017, 02:52:07 AM
I don't see any fud here. I think we are just sensitive to things like that after all the nonsense we have endured on the topic of fud a few years ago. Lets try and be welcoming.
May 21, 2017, 08:44:31 PM
There's people that understand the magnitude of this project and of all the coins and are trying to take advantage of others that really don't know what's going on, so don't let them take advantage of you.
This project and many of the other coins have huge potential people are just clueless as to what's going on.
As per the magnitude and potential of block. As of this moment Block is still under valued it's bieng offered at a discount it should be $4.90 not behind expanse, but in less then few weeks to a year it should be valued anywhere from a market cap of monero to that of Dash, it's a billion dollar project.
The need for Blocknet with or without the UI (even though I think the dev team will develop a fantastic UI) will be needed in the next few months to a year. You will begin to understand why when your eyes open up to what's going on.
Anything can happen between now and then. You could wake up to see Block (literally) between $20.00 to $130.0, it's not fudding !
Only the people that understand what's going on understand the need, manganite de and potential of this project.
This project and many of the other coins have huge potential people are just clueless as to what's going on.
As per the magnitude and potential of block. As of this moment Block is still under valued it's bieng offered at a discount it should be $4.90 not behind expanse, but in less then few weeks to a year it should be valued anywhere from a market cap of monero to that of Dash, it's a billion dollar project.
The need for Blocknet with or without the UI (even though I think the dev team will develop a fantastic UI) will be needed in the next few months to a year. You will begin to understand why when your eyes open up to what's going on.
Anything can happen between now and then. You could wake up to see Block (literally) between $20.00 to $130.0, it's not fudding !
Only the people that understand what's going on understand the need, manganite de and potential of this project.
Man, why you wrote this twice?
I thought it was a good response to truxtons comment.
May 21, 2017, 07:44:43 PM
To be fair, they could have made the burn address look like a burn address, instead of generating a random looking address. For example by including "xxxBurnAddressxxx" or whatever in the address. With enough non-random characters, the address itself would be proof enough that nobody holds the key.
Is there anything more than a "this is our burn address" statement?
No FUD intended, just asking.
Is there anything more than a "this is our burn address" statement?
No FUD intended, just asking.
Ref: https://www.facebook.com/theblocknet/posts/407109672776524
The Blocknet
November 10, 2014 ·
The Blocknet ITO is officially a success!
Bittrex sold 1,015,377.90
Poloniex sold 432,643.16
BTER sold 448,932.40 (est.)
Coingateway sold 1,979,961.97
Est. total BLOCK sold: 3,876,915.43
Estimated total funds raised in BTC: 969.2288575
**Provable destruction of unsold coins**
Unsold BLOCK has been destroyed by being sent to the following unspendable address: https://chainz.cryptoid.info/block/address.dws…
**Burn TX history:**
- Test burn: https://chainz.cryptoid.info/block/tx.dws?31966.htm
- Burn of staked coins: https://chainz.cryptoid.info/block/tx.dws?32461.htm
- Burn of unsold BLOCK on Poloniex: https://chainz.cryptoid.info/block/tx.dws?32564.htm
- Burn of unsold BLOCK on Bittrex: https://chainz.cryptoid.info/block/tx.dws?32615.htm
- Burn of unsold BLOCK on Bter: pending.
- Burn of unsold BLOCK on CoinGateway: pending.
Details on how proof-of-burn works are available here: https://bitcointalksearch.org/topic/ann-info-list-of-provably-unspendable-altcoin-addresses-ie-destroy-coins-831042
The code used for proof-of-burn is here: https://gist.github.com/Earlz/fa942122ce27c90ea9a6
The current wallet version seems to be including burnt coins in the coin supply. Some blockchain explorers will also include the burnt coins. You can expect this to be rectified in due course (at least in the case of the wallet).
------ Hope that helps explain the burn ------- Irky
Thanks, much appreciated
Didn't know about this method.
May 21, 2017, 07:36:52 PM
They know, The burn address has been discussed before many times. This person is just a troll that try's to panic newbies. According to prior post by this person, It seems as if this person may have lost out on the opportunity in becoming a node. This issue needs to be address. I'm reporting them to the moderator. We all should have there post removed and then both of us should delete this post as to not scare anyone off. I'm going to report every single post this person has posted on this board. You should delete your reference to their post as to not further propagate this misleading information. I will later do the same with this post.
Yes. Bamsterdam posts here only to stir up problems in the community and to try and scare people off. Time we reported him.
wauw serious check my post history I dont try to fud if you checked you would have known. Wasnt informed on the matter and came across it by accident so startled me a bit thats why I posted with a ? All clear now thanks, keep your wrong conclusion based on one post for yourself please
Hey, let's give this guy a break and not get too trigger-happy with the troll hunting. It was a legitimate question for someone not familiar with Blocknet history.
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